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The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk....

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Accounting

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The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June: Direct Materials processed: 18,000 gallons (after shrinkage) Production: Sales Butter Cream Condensed Milk Butter Cream Condensed Milk Butter Cream Condensed Milk Butter Cream 7,500 gallons 10,500 gallons 7,000 gallons 10,000 gallons $3.5 per gallon $7.5 per gallon $12,500 Sales Price: Separable costs in total: Condensed Milk $34,700 The cost of purchasing the of unprocessed milk and processing it up to the splitoff point to yield a total of 18000 gallons of saleable product was $46,000. The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? O A. $35,200 OB. $10,800 OC. $12,500 OD. $34,700

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